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Merced Residential Hard Money Loan Funded

Chris Goulart

This was a beautiful house in Merced that the borrower needed a new loan on in order to refinance their existing loan and change the rate and terms offered. They had closed on the home with another hard money loan that was quite a bit more expensive with regards to rate than what we could do for them. We were able to save the borrower money on the rate as well as offer a longer term loan so that they would not need to refinance again in the near future.

This property appraised for $525,000, and we arranged a loan for $220,000, so just under 42% loan to value. Due to the low loan to value we were able to offer a very attractive rate and close quickly (they wanted to close as soon as possible to avoid paying more interest on their outstanding loan than was needed). This was a very straight forward transaction, secured by a good looking property and at a nice loan to value.

These are the types of transactions where we have additional flexibility on our guidelines, conditions and terms. On this transaction we used an older appraisal done for a different hard money lender and were able to close by the end of the month as requested. For more information on how we could potentially help you, visit our residential hard money lending page.

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Google Users Reviews

Chris is extremely professional, is a hard worker, always responds back to my emails/calls promptly, and is an expert as what he does. I will definitely recommend him to anyone that is looking for lending services and I will continue to use him for all of my lending needs in the future. You will not be disappointed with his services.read more

I used All California Lending to provide me with a hard money loan. My loan representative was Chris Goulart. I needed the loan to close in 15 days. Mr. Goulart was able to close the loan in the time frame expected. Several things I admired about Mr. Goulart was that he had great communication via email, text and/or verbal. He was always available. I was even out of the country while he was processing the loan. I came back and the loan was completed. 5 Stars!!!read more

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All California Lending specializes in hard money lending and commercial loans. We have been in the real estate lending business for many years, specializing in hard money lending for most of that time.